Foreclosed homes can be attractive to some new Varsity home buyers but not to others. In Alberta, foreclosed homes go up for sale on a regular basis. Foreclosed homes can be a good deal for the right person. If you're a home buyer who is interested in purchasing a foreclosed property, it's important for you to understand what that means. It's also important for you to know what a foreclosed home is likely to be like.
For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.
How Foreclosure in Alberta Works
It's important to fully understand the foreclosure process. Foreclosure in Alberta begins when a homeowner misses a mortgage payment. The first missed payment is…